Weekly Update 1/31

Headlines on the coronavirus struck panic and concerns over a massive global economic slowdown as the virus quickly spread outside of the Wuhan province in China.

US equity benchmarks dipped over the week despite overall strong earnings reports, and suffered the heaviest losses on Friday when the World Health Organization declared the outbreak a global health emergency.

The Fed voted to keep the current monetary policy, and treasuries and other higher-quality segments of the fixed income market rallied in the wake of the virus.

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One Week ETF Trends

US Equity ETFs Best & Worst Performers

Egypt led a rally in emerging markets, and the VanEck Egypt Index ETF EGPT ended the week up 2.62%.

The unique tech ETFs FNGS, ARKW, and WCLD also had top performance.

ESG has been a growing trend, so not surprising to see ALPS Clean Energy ETF ACES on the list as well.

Not a single Chinese ETF made the list for worst performers last week – which probably is surprising to many. This is because of the fact that the markets were completely closed last week as Chinese officials extended the Lunar new year by three days as an economic countermeasure against the virus fears.

Other Asian equities took a hit though due to the chaos, particularly Vietnam ETF VNM and South Korean ETFs EWY and FLKR.

US Fixed Income ETFs Best & Worst Performers

Long term Treasury ETFs took home the medal this week in the fixed income performance category, led by LTPZ. Overall, Treasuries rallied as the yield of the benchmark 10-year Treasury note fell to the lowest level since last September.

Emerging markets bonds ETFs VWOB and EMB also made the list of top equity performers.

The VelocityShares Long LIBOR ETN ULBR saw a massive drop as Britain officially broke off from the EU.

US Equity ETFs Top Inflows & Outflows

VOO experienced a massive $5.4B inflows over the week, while SPY saw $2.1B in outflows.